Sciencast Management LP Acquires 6,899 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Sciencast Management LP increased its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 110.7% in the 4th quarter, Holdings Channel reports. The fund owned 13,131 shares of the transportation company’s stock after buying an additional 6,899 shares during the quarter. Sciencast Management LP’s holdings in United Airlines were worth $1,275,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. State Street Corp increased its stake in shares of United Airlines by 0.8% in the 3rd quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock worth $588,874,000 after acquiring an additional 78,470 shares in the last quarter. Sanders Capital LLC increased its stake in United Airlines by 12.4% during the 3rd quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock valued at $539,650,000 after purchasing an additional 1,040,589 shares in the last quarter. Geode Capital Management LLC increased its stake in United Airlines by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 8,311,220 shares of the transportation company’s stock valued at $477,526,000 after purchasing an additional 168,498 shares in the last quarter. Castle Hook Partners LP increased its stake in United Airlines by 176.1% during the 3rd quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock valued at $242,227,000 after purchasing an additional 2,707,442 shares in the last quarter. Finally, Boston Partners bought a new stake in United Airlines during the 4th quarter valued at about $323,508,000. 69.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

UAL has been the subject of a number of analyst reports. Bank of America reduced their price objective on shares of United Airlines from $125.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, March 12th. Melius Research upgraded shares of United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. Susquehanna restated a “hold” rating on shares of United Airlines in a research note on Tuesday, February 25th. Raymond James reiterated an “outperform” rating and issued a $130.00 price target (up from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. Finally, Citigroup lifted their price target on shares of United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $112.75.

United Airlines Stock Performance

NASDAQ:UAL opened at $74.87 on Friday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The stock has a 50-day simple moving average of $96.52 and a two-hundred day simple moving average of $85.41. The firm has a market capitalization of $24.51 billion, a PE ratio of 7.94, a P/E/G ratio of 0.67 and a beta of 1.41. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00.

United Airlines (NASDAQ:UAL) last released its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.96 by $0.30. The company had revenue of $14.70 billion during the quarter, compared to analyst estimates of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.00 EPS. Analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

About United Airlines

United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, flight academy, and maintenance services for third parties.